Robert Kidder, a pri vate-equity investor and former consultant who once worked for Ford Motor Co., will become the chairman of Chrysler Group once the auto maker emerges from bankruptcy and com pletes a merger with Italy’s Fiat SpA, the com pany said.

Card bill

A credit-card custom ers’ “bill of rights” that would curb fees and limit penalties was passed by the Congress a day after the Senate approved it, and sent to President Bar ack Obama, who plans to sign it into law.

GM $ale

Three GM executives withdrew all their com pany stock from GM’s re tirement plan and sold the securities on the open market, paying a 10 per cent penalty for the early sale. Among the sellers were former product de velopment head Bob Lutz and Vice Chairman Thomas Stephens. Earlier this month, Stephens and Lutz sold all their unre stricted GM stock, other filings show.

Mortgage law

President Barack Obama signed mortgage legislation that will help the FDIC rebuild its insur ance fund at a faster pace and reduce an emergency fee on US lenders. It in cludes a safe-harbor pro vision to help homeown ers refinance by shielding loan-servicing companies from lawsuits if they mod ify a mortgage at risk of default.

Target net

Target said net income fell 13 percent to $522 mil lion, or 69 cents a share from $602 million, or 74 cents a share a year ago.